There's no such thing as a free lunch...Or is there?
- Get link
- X
- Other Apps
It's official. The next president of Indonesia is former army general Prabowo Subianto. Quite how the next five years will pan out is anyone's guess but hopefully the foreign pundits who always bring up his dodgy human rights record will be proven wrong.
Nonetheless, on policy
making, Prabowo's popularist move to literally offer the poor 'a free lunch'
every day of the week does not augur well for the future. Such a policy - if
it ever came to fruition - would cost a phenomenal amount of money and likely
lead to huge inefficiencies (food waste) and poor incentives (make people
lazy).
Another concern is Prabowo's
strong nationalist bent. Thus, in the possible event that he finds himself with
his back against the proverbial wall in the face of stern economic challenges,
there is a big chance that he will simply scapegoat foreigners.
But he will have to be
careful. Construction of the new capital city, Nusantara, for example, is
highly dependent on foreign investors, and if Prabowo scares them away then
economic chaos could easily ensue. But let's just hope that the cuddly grandpa
doesn't blow his fuse like he has in the past. After all, he can simply choose
to give us a dance!
- Get link
- X
- Other Apps
Comments
Post a Comment